Starwood Property Trust (STWD) Tops Q3 EPS by 12c

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Go back to Starwood Property Trust (STWD) Tops Q3 EPS by 12c

Starwood Property Trust Reports Results for the Quarter Ended September 30, 2017

November 8, 2017 6:45 AM EST

GREENWICH, Conn., Nov. 8, 2017 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2017.  The Company's third quarter 2017 GAAP net income was $88.4 million, or $0.33 per diluted share, and Core Earnings (a non-GAAP financial measure) was $170.9 million, or $0.65 per diluted share. Third quarter GAAP net income and Core Earnings included $0.05 and $0.13 per diluted share, respectively, from the sale of the Company's investment in Ten-X.

"Our third quarter results were strong and were highlighted by over $2 billion of capital deployment across all of our... More